Ministry of Economic Development and Trade - THE ESTIMATES, 2008-09 - Summary

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Ministry of Economic Development and Trade - THE ESTIMATES, 2008-09 - Summary

The Ministry focuses its efforts on activities which support a prosperous and competitive economy by: ensuring Ontario remains a leader in North American auto production through innovation and a skilled workforce; attracting more foreign investment and skilled jobs; promoting trade and diversifying Ontario's export markets; and supporting strong, sustainable growth in areas of great potential for Ontario, including clean automotive and other green technologies, health and biotechnology research and development, creative industries like digital media and information and communication technologies and pharmaceutical research and manufacturing.

MINISTRY PROGRAM SUMMARY
($)
VOTE PROGRAM

Estimates
2008-09

Estimates
2007-08

Difference
Between
2008-09
and
2007-08

Actual
2006-07

  OPERATING EXPENSE        
901   Ministry Administration Program 15,581,300 15,603,700 (22,400) 13,969,976
902   Economic Development and Trade Program 418,895,400 376,611,200 42,284,200 159,191,305
   Less: Special Warrants - 234,775,000 (234,775,000) -
  TOTAL OPERATING EXPENSE TO BE VOTED 434,476,700 157,439,900 277,036,800 173,161,281
   Special Warrants - 234,775,000 (234,775,000) -
Statutory Appropriations 2,081,187 2,063,699 17,488 268,799
  Ministry Total Operating Expense 436,557,887 394,278,599 42,279,288 173,430,080
   Net Consolidation Adjustment - Ontario Immigrant Investor Corporation 8,700,000 7,400,000 1,300,000 5,436,997
  Total Including Consolidation & Other Adjustments 445,257,887 401,678,599 43,579,288 178,867,077
           
  OPERATING ASSETS        
902   Economic Development and Trade Program 147,878,400 127,575,500 20,302,900 37,006,348
   Less: Special Warrants - 70,000,000 (70,000,000) -
  TOTAL OPERATING ASSETS TO BE VOTED 147,878,400 57,575,500 90,302,900 37,006,348
   Special Warrants - 70,000,000 (70,000,000) -
  Ministry Total Operating Assets 147,878,400 127,575,500 20,302,900 37,006,348
           
  CAPITAL EXPENSE        
902   Economic Development and Trade Program - 33,780,000 (33,780,000) 20,000,000
   Less: Special Warrants - 6,000,000 (6,000,000) -
  TOTAL CAPITAL EXPENSE TO BE VOTED - 27,780,000 (27,780,000) 20,000,000
   Special Warrants - 6,000,000 (6,000,000) -
  Ministry Total Capital Expense - 33,780,000 (33,780,000) 20,000,000
           
  Ministry Total Operating and Capital Including Consolidation and Other Adjustments (not including Assets) 445,257,887 435,458,599 9,799,288 198,867,077

RECONCILIATION TO PREVIOUSLY PUBLISHED DATA